Multiple Choice Questions on A shopkeeper purchases a table and sells it for Rs 4200 If he incurs a loss of 20 find the cost pric........... for CLAT : Law entrance Exam Preparation

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Multiple Choice Questions

A shopkeeper purchases a table and sells it for Rs 4200 If he incurs a loss of 20 find the cost pric...........

Quantitative Aptitiude (CLAT) Profit and loss
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    A shopkeeper purchases a table and sells it for Rs. 4200. If he incurs a loss of 20%, find the cost price of table.

    Rs.5250

    Correct Answer

    Rs.5150

    Incorrect Answer

    Rs.5052

    Incorrect Answer

    Rs.5200

    Incorrect Answer
    Explanation:

    S.P. of the table = Rs. 4200

    C.P. of the table =?

    Loss incurred = 20%

    Apply formula: Cost Price = 100/100=Lodd%∗ S.P.

    C.P. = ∗4200

            =100 ∗4200
               80

    = 5250

    By: Parvesh Mehta
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